Use of Trust Assets. The Trust Assets shall be used solely in furtherance of the Purpose. The Trust Assets shall not inure or be payable to or for the benefit of any private individual, except that, subject to Sections 7.1, 7.3, and 9.3, the Trust shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments in furtherance of the Purpose and as permitted by Section 7.6 hereof. The Trust Assets shall not be used for the carrying on of propaganda, or otherwise attempting to influence legislation. No part of the activities of the Trust shall be the participation in, or intervention in (including the publishing or distributing of statements) any political campaign on behalf of (or in opposition to) any candidate for public office. Any other provision of this Agreement to the contrary notwithstanding, the Trust shall not carry on any activities not permitted to be carried on by an organization exempt from Federal Income Tax under Section 501(a) and Section 501(c)(3) of the Code.
Use of Trust Assets. The principal of the Trust, and any earnings thereon, shall be held separate and apart from other funds of the Company and, except as otherwise expressly provided herein, shall be used exclusively for the uses and purposes of Participants, general creditors of the Company and Trust expenses, in each case as herein set forth. Plan participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. All rights created under the Plans and Trust shall be unsecured rights of Participants against the Company. Any assets held by the Trust will be subject to the claims of the Company's general creditors under federal and state law in the event of Insolvency, as defined herein.
Use of Trust Assets. The Trust Assets shall be used solely in furtherance of the Purpose. The Trust Assets shall not inure or be payable to or for the benefit of any private individual, except that, subject to Sections 7.1, 7.3, and 9.3, the Trust shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments in furtherance of the Purpose and as permitted by Section
Use of Trust Assets. The principal of the Trust, and any earnings ------------------- thereon which are not paid to the Participating Employers as provided in Section 5, shall be held separate and apart from other funds of the Participating Employers and shall be used exclusively for the uses and purposes herein set forth. Neither any Trust Beneficiary nor the Deferred Compensation Plan shall have any preferred claim on, or any beneficial ownership interest in, any assets of the Trust Fund prior to the time such assets are paid to such Trust Beneficiary as Deferred Compensation as provided in Section 2, and all rights created under the Deferred Compensation Plan and this Trust Agreement shall be mere unsecured contractual rights of a Trust Beneficiary against the relevant Participating Employer.
Use of Trust Assets. Subject to the provisions of paragraph V-2 and the provisions of paragraphs X-1 and X-2, the assets of the Trust shall be used solely for the purpose of providing benefits under the Plan.
Use of Trust Assets. The principal of the Trust and any income, gains, appreciation, losses, depreciation and expenses thereon shall be held separate and apart from the other funds of the Company and shall be used exclusively for the uses and purposes of the Plan and for the general creditors of the Company as hereinafter set forth. No Participant or Beneficiary of the Plan shall have any preferred claim on, or rights or beneficial ownership in, any of the assets of the Trust. The assets of the Trust will be subject to the claims of the Company's general creditors under federal and state law in the event of insolvency of the Company, as defined in Section 3 below.
